CubaMinrex. Sitio del Ministerio de Relaciones Exteriores de Cuba

ALBA Summit to Strengthen Regional Integration

CUBA, October 15, 2009. The approval of the SUCRE as the only legal tender and the achievement of the objective of complementing the region’s economic, political and social integration are two of the goals of the 7th Summit of the Bolivarian Alliance for the Americas (ALBA), which began on Friday in Bolivia.

Telesur network points out that during this meeting, underway in the Bolivian city of Cochabamba, the ALBA members will approve the Constituent Treaty for the Single System of Regional Compensation (SUCRE for its Spanish acronym).

It is also expected that all the nations that make up ALBA pass the Peoples’ Trade Treaty (TCP), a trading society boosted by Bolivia in April 2006 and that is currently working in that Andean country, Cuba and Venezuela.

Evo Morales, the summit’s host, have said that the meeting will base on complement and solidarity to overcome the asymmetries existing between small and large economies within ALBA, countering this model with the regional free trade agreements.

The SUCRE and the TCP will be complemented with the creation of a foreign trade enterprise that will work in all member countries, pointed out Pablo Guzman, Bolivian Deputy Minister for Foreign Trade and Integration, in an interview with Telesur.

Besides the economic issues, the Summit will define a joint position in the face of climate change and in view of the next meeting on the issue, to be held in Copenhagen, and will continue working on a proposal of a statement on the “Rights of Mother Earth”.

Participants in the Summit will also analyze the US plans to use military bases in Colombia and the latest developments of the Honduran crisis. (Cubaminrex- ACN)

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